Faltering overseas aid figures announced today are depriving poor countries of a massive $18bn worth of life-saving aid, at a time when 64 million more people globally have been pushed into poverty by the financial crisis.
The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.
The European Commission today unveiled a new strategy on how Europe should protect its access to raw materials and the issue of regulation of commodity markets including farm goods.
“Today President Sarkozy signaled that a number of ‘lead’ countries could forge ahead this year with a tiny levy on financial transactions – a Robin Hood tax – and that he is confident othe
The world can halve global hunger within five years says a new Oxfam report launched today. The launch of the report coincides with an announcement by the UN Food and Agriculture Organization that the number of hungry people worldwide has dropped to 925 million in the past year.
On the eve of the G8 Summit in Canada, international agency Oxfam warned that G8 aid promises due in 2010 have been missed by as much as $20 billion dollars – twice the gap admitted by world leaders. The G8 must deliver on their promises to poor people and invest in their future.
Aid plays a role in saving millions of lives, and yet despite its achievements poverty continues to cast a shadow over the lives of some 1.4 billion people worldwide.
The 2009 overseas aid figures released today by the OECD show that rich countries are failing to deliver on their promises to poorer countries. The amount of aid has fallen by $3.5 billion when compared with last year’s prices.